Private banks call for not forcing employees to settle their salaries in government banks

Called the Association of Iraqi private banks, ministries and independent bodies not to force its employees to settle their salaries in government banks because this is a challenge to the role of the private banking sector and narrowing the working environment.

The Association of Iraqi private banks said in a press statement that 'some ministries and independent bodies in the State of Iraq, demanded its staff to settle their salaries in government banks only', noting that 'the government agencies to force employees to settle their salaries is undermining the work of private banks and wasting their opportunity to offer Which is characterized by speed and diversity and also violates Article 25 of the Iraqi Constitution, which encourages the private sector and development.

She stressed that 'the project to settle the salaries of state employees and according to the decisions and directives of the Secretariat of the Council of Ministers and the Central Bank provides that not to force employees to settle their salaries in any bank and leave the matter for the employee to choose from the banks participating in the project, whether governmental or private,' adding that ' Association of Iraqi private banks related to forcing their circles to settle their salaries in government banks'.

The Association of Iraqi Private Banks noted that the private banks have recently developed their services, including the establishment of a deposit insurance company to give greater confidence to citizens depositing their money in banks.

Article Credit: https://www.dijlah
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